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Capitec Bank Holdings (Capitec Bank Holdings) Accounts Payable & Accrued Expense for Financial Companies


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What is Capitec Bank Holdings Accounts Payable & Accrued Expense for Financial Companies?

Accounts Payable & Accrued Expense for Financial Companies only applies to insurance companies.


Capitec Bank Holdings (Capitec Bank Holdings) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Capitec Bank Holdings Ltd (OTCPK:CKHGY) » Definitions » Accounts Payable & Accrued Expense for Financial Companies
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Address
5 Neutron Road, Techno Park, Stellenbosch, WC, ZAF, 7600
Capitec Bank Holdings Ltd is a retail bank with more than 850 branches in South Africa. Its services focus on three customer needs: saving, which provides customers the ability to receive and store funds; credit, which satisfies customer needs to access and borrow funds; and transacting, which allows for payments and movement of funds. It operates in three segments: -Retail bank, Business bank, and the Insurance business. Net interest income accounts for more than two-thirds of total company revenue. The company also generates revenue from fees on loans and transactions. Roughly a third of the company's loans are mortgages, and another third are other secured loans. Credit facilities and unsecured credit loans make up most of the remaining loans outstanding.